About This Home
This 0-bedroom, 0-bathroom single family at 2318 1st Avenue S in Minneapolis, MN is listed for $600,000. Built in 1920, on a 0.17 acres lot.
Key Features
- Built in 1920
- 0.17 acre lot
Property Details
Prime RM3 Investment Opportunity - 2318 1st Ave S, Minneapolis. Position your portfolio for success with this 6,009 SF multi-use commercial property in the heart of Minneapolis. Built in 1920 and situated on a prominent corner lot, this property offers the rare combination of historic architecture, flexible zoning, and strong location fundamentals-a winning formula for investors and owner-users alike.
Currently configured as professional office space, the building features three separate entrances across three floors plus a lower level, allowing for multi-tenant use or conversion to mixed-use, residential, or institutional operations. The RM3/BFI3 zoning supports a broad range of uses including large-scale dwellings, professional offices, and ma
jor institutional tenants, giving investors a flexible foundation for future growth or repositioning. Nine off-street parking stalls-a rare urban luxury-enhance accessibility and tenant appeal. With the previous owner (a long-standing accounting firm) now relocated, the property is move-in ready or available for immediate redevelopment or lease-up strategy.
Located just steps from Eat Street, the Minneapolis Institute of Art, and Midtown Global Market, this property sits within one of the city's most vibrant and transit-connected neighborhoods. The strong surrounding tenant mix, bike and bus accessibility, and proximity to downtown create a high-demand environment for professional users and long-term investment stability.
Investment Highlights: - 6,009 SF brick building (approx. 4,862 SF finished) on a corner lot - RM3/BFI3 zoning - ideal for office, residential, or institutional uses - 3 separate entrances for multi-tenant or flexible layouts - 9 off-street parking stalls - rare in core Minneapolis - Solid 1920 construction with timeless architectural appeal - Vaca
nt and ready for occupancy, repositioning, or redevelopment - Surrounded by high-demand cultural and commercial amenities - Located in a strong rental and employment corridor near downtown 2318 1st Ave S represents a smart acquisition for investors seeking a versatile, centrally located asset with multiple upside paths-whether through adaptive reuse, multi-tenant office leasing, or future residential conversion.
Monthly Cost Estimate
$3,209/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2318 1st Avenue S
Minneapolis, MN 55404
Remingtons Sub Ne 1/4 34-29-24
Features & Amenities
Exterior Features
Property Details
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom single family at 2318 1st Avenue S is listed at $600,000. The estimated monthly payment is $3,209 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.17 acre lot. Exterior Features: Brick/Stone.
This property is listed by Nicoli Holm and can be reached at (612) 998-8959.
